Description

Rare to find. Three storeys with 25 rooms and 18 baths (7 full baths, 10 half baths, 1 shower room) residential building. Excellent opportunity to own this profitable well established lodging home on prime Ouellette ave. Close to all amenities. Newer commercial kitchen. Stairs and elevator with direct access to driveway. Fully finished bsmt. On site parking at rear. Updates includes 7 a/c 2018, roof 2014, flooring & painting 2021. Great opportunity during the impending shortage of rental spaces. (id:66096)

Property Details

MLS®: 26024632
Property Type: Industrial
Business Type: Residential
Zoning: CD3.5
Lot Size: 50 × 125 ft (6,250 sq ft)
Heating: Forced air, Electric, Natural gas, Furnace
Cooling: Central air conditioning
Ownership: Freehold
Listed: 29 days ago

Features

Flooring: Laminate, Cushion/Lino/Vinyl
Lot Features: Visual exposure

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Windsor listings, avg age

68d

List price

$1.25M

Haho

This industrial in Windsor has been listed for 29 days, which is 39 days fresher than the city average of 68. Act while there is still low competition.

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Area context

Neighbourhood profile (N8X)

This home lists at $1,250,000, about 20.8× the local median household income of $60,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 307% above the area median.

Median household income: $60,000
Population: 16,457
Median age: 39.2
Owner / renter: 52% / 48%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N8X)

$1,250,000

For sale

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Financing

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1324 OUELLETTE Avenue, Windsor - Industrial for Sale